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Development preview

One deal.
One reading
of it.

A physical cargo moves through traders, banks, inspectors, shipowners and lawyers, and each of them keeps their own copy of what was agreed. Claustrade turns the contract into one shared, source-linked record of who owes what, by when, and what it costs if it slips.

Request a private walkthrough See how it reads a contract

Tap a highlighted phrase in the clause to see how Claustrade records it.

Voyage charter · Asbatankvoy basisRider · p. 7 of 22

Clause 14 · Laytime and demurrage

14.1Laytime for loading and discharging shall be seventy-two (72) running hours, Sundays and holidays includeda, commencing six (6) hours after Notice of Readiness is tendered, berth or no berthb. 14.2Demurrage shall be payable at the rate of USD 32,500 per day or pro ratac and shall be time-barred unless presented as a fully documented claim within ninety (90) daysd of completion of discharge. 14.3Time lost waiting for berth owing to congestion shall count as half laytime, provided the terminal acts with reasonable despatche.

Source: CP_Aurelia_Rider_v3.pdf · p. 75 terms linked · 1 ambiguity
VesselMT Aurelia
Laytime used / 72h71:58:20
StatusOn laytime
Demurrage accruedUSD 0.00

Illustrative deal and clause. The counter runs on demo time.

The problem

Five parties.
Five versions of one cargo.

The same fact lives in five systems, updated at five different times. Disputes start in the gap between them, usually after the vessel has sailed and the money has moved.

PartyBill of lading quantityLaytime startDemurrage claim deadlineLast updated
Trading house999,842 bblDeal sheet, ops desk14 Oct 06:10NOR tendered90 daysRider cl. 14.2Tuesday
Bank1,000,000 bbl ±5%LC, documentary creditn/aNot heldn/aNot heldAt issuance
Inspector999,615 bblShip's figures at 60°F14 Oct 06:10Statement of factsn/aNot heldYesterday
Shipowner999,842 bblMaster's B/L14 Oct 00:10NOR, no 6h notice90 daysPro forma charterLast week
Legal advisern/aNot heldn/aNot held60 daysEarlier draft, v2Last month
Claustrade999,842 bblB/L, linked · inspector variance flagged (−0.02%)14 Oct 06:10NOR + cl. 14.1, owner's time disputed90 days · 11 FebRider v3 cl. 14.2 · v2 supersededLive
Figures are illustrative.Each Claustrade value links back to the page it came from.
How it works

From contract language
to transaction context.

Claustrade reads the contract, the shipping documents and the correspondence, and answers the four questions every party asks of a deal, in the order a deal asks them.

A contract is read, its terms are linked to the parties of the deal, and the team acts on them together. CHARTER PARTY · RIDER V3 p. 7 of 22 LAYTIME · CL. 14.172 running hours, SHINC DEMURRAGE · CL. 14.2USD 32,500 per day, pro rata TIME BAR · CL. 14.2Claim within 90 days · 11 Feb AMBIGUITY · CL. 14.3"Reasonable despatch" undefined THTrading house BKBank INInspector SOShipowner LALegal adviser PRIVATE DEAL ROOM · MT AURELIA AK Ops desk · Trading houseOwner's NOR time is disputed. Inviting the inspector. INSPECTOR INVITED TO THIS ROOM MS Meridian Survey · InspectorStatement of facts uploaded. Berth free from 05:40. Prepare demurrage claimL. MOSER · DUE 11 FEB · LINKED TO CL. 14.2 LM Confirm v3 time bar with legalDONE · LEGAL ADVISER Illustrative deal
I · Read

What was agreed

Every clause and term, extracted and linked to the page and line it came from.

  • Contracts, riders and amendments compared version to version
  • Incoterms 2020 and delivery terms
  • PDF and Word intake
II · Assign

Who is responsible

Obligations, costs and risk transfer mapped to the party that carries them.

  • Delivery, freight, insurance and inspection duties
  • Clause-to-exposure in dollars
  • Counterparty directory
III · Flag

What needs attention

Ambiguities, missing information and risks, ranked by what they could cost.

  • Ambiguous wording explained, with alternatives
  • Force majeure, sanctions and compliance screening
  • Letter of credit discrepancy checks
IV · Act

What happens next

Milestones, documents, approvals and claims, recorded where every party can see them.

  • Laytime and demurrage claims
  • Deal financials and reconciliation
  • Trade calendar and milestone tracking
Schedule A · Instruments

The deal file,
made workable.

The instruments a commodity desk needs around one transaction, in one workspace, sharing one record of the deal.

A.1Contracts

Contract intake and risk flags

Upload a contract and get its terms, obligations and risk flags, each with the source passage beside it.

A.2Language

Ambiguity explainer

Finds wording that two parties could read differently, explains both readings and suggests tighter drafting.

A.3Exposure

Clause to exposure

Puts a number on a clause: what a delay, a quality variance or a price trigger costs your side.

A.4Shipping

Laytime and demurrage

Builds the laytime calculation from the statement of facts and prepares a documented claim before the time bar.

A.5Finance

Deal financials

Invoices, payments, freight and costs reconciled against the contract, line by line.

A.6Trade finance

Letter of credit check

Compares presented documents with the credit's terms and lists discrepancies before the bank does.

A.7Compliance

Sanctions and force majeure

Screens counterparties, routes and clauses, and reads force majeure language against current events.

A.8Legal

Legal translation desk

Translates contracts and correspondence while keeping defined terms and legal meaning intact.

A.9Collaboration

Shared transaction workspace

Each party sees the parts of the deal that concern them, with comments, decisions and a full audit trail.

A.10Messaging

Private deal rooms

Private chats between clients on a deal, with documents and clauses linked into the conversation.

A.11Access

Invitations

Invite counterparties into one chat or the full workspace, and choose exactly what they can open.

A.12Teams

Teams and tasks

Invite your colleagues, set their roles and allocate tasks with owners and due dates.

Collaboration

Talk, invite and assign, inside the deal.

The conversation about a cargo belongs next to the contract it is about. Clients message each other privately, invite counterparties into a chat or the whole workspace, and hand out tasks to their own teams, all in the same app.

Private deal roomMT Aurelia · Fujairah
AKLMMSRV
AK
A. Keller · Trading house, operations
The owner says NOR was tendered at 00:10. Our rider gives six hours' notice, so laytime starts 06:10 at the earliest. Inviting our inspector.
Meridian Survey joined · invited by A. Keller
MS
M. Sandoval · Inspector
Statement of facts attached. Berth was free from 05:40.
SOF_Aurelia_Fujairah.pdf · 3 pages · linked to cl. 14.1
RV
R. Vidal · Legal adviser
Agreed. Rider v3 governs, so the time bar is 90 days. I've confirmed it on the clause.
LM
L. Moser · Trading house, claims
Thanks. I'll have the demurrage claim ready this week.
Message the deal roomOnly members see this
Team tasksYour company only
Confirm v3 time bar with legal
R. Vidal · done Tuesday
RV
Prepare demurrage claim
L. Moser · due 11 Feb · cl. 14.2
LM
Answer the owner on NOR timing
A. Keller · due today · cl. 14.1
AK
Send LC documents to the bank
Unassigned · due Friday
+
Invite to this deal
trade.finance@yourbank.example
Deal room chatDocumentsLC termsFinancials
Messaging

Private messaging between clients

One-to-one and group chats between companies on the same deal, visible only to the people in them.

Invitations

Invite into a chat or the workspace

Bring a counterparty, bank or inspector into one conversation, or give them access to the whole deal.

Teams

Invite your team

Add colleagues from operations, contracts, finance and legal, each with the access their role needs.

Tasks

Allocate tasks

Assign work with an owner and a due date, linked to the clause or document it comes from.

Trust

Evidence, input and interpretation, never blurred.

In a commodity deal, a confident guess is more dangerous than a blank. Claustrade marks where every statement comes from. Uncertainty is shown as uncertainty, and nothing the AI suggests becomes fact until a person confirms it.

AI outputs require human review.

Document evidence
“USD 32,500 per day or pro rata”Rider v3 · cl. 14.2 · p. 7 · line 9
User input
Owner's NOR at 00:10 disputed; terminal confirms berth free from 05:40.Added by the ops desk · reviewed by legal
AI interpretation
“Reasonable despatch” has no defined standard here. Congestion time may count in full if the owner shows the terminal was slow.
Medium confidence · review suggested
Who it's for

Every specialist holds part of the deal.

Claustrade is built first for mid-sized trading houses that run high volumes on thin margins, where one missed time bar or misread clause can take the profit out of a cargo. Their counterparties join the same deal.

Trading houses

Operations, contracts and finance desks working one record of every cargo.

Exposure · claims · financials

Legal advisers

Clause analysis, version comparison and ambiguity review across a client's deals.

Drafting · disputes · translation

Banks

Trade finance teams checking documents against credits with the deal context in view.

LC checks · compliance

Inspectors

Quantity and quality findings recorded where buyers, sellers and owners see them.

Certificates · variances

Logistics providers

Shipping milestones, laytime events and documents tied to the contract terms.

Milestones · laytime

Each party pays for what it uses: a trading house, a law firm and an inspection company each have their own plan. Pricing is shared in a walkthrough.

Ask about pricing
Origin

Built in Switzerland

Designed and built by Senarix Labs, for the way physical commodity desks actually work.

Data

Your deal stays yours

Each company's workspace is sealed from every other. Counterparties see only what you share with them.

Systems

Alongside what you run

Designed to connect with the systems already in place. API integration is planned and not yet available.

Private walkthrough

Connect the terms.
Clarify the obligations.
Coordinate the deal.

Bring a contract you know well. In forty-five minutes we'll show you what Claustrade reads in it, what it flags, and what it would have saved on the last dispute.

Or write tocontact@claustrade.ch

We reply within two working days. Your details are used only to arrange the walkthrough.